She did put down a 20% deposit, the $230,000 she will pay to the original vendors at the end of the 5 year term = 20% of $1.2m. By structuring it this way she has avoided LMI as she was only required to borrow 80% of the purchase price which was $1.2m. Am I correct Angel?

Good deal by the way, thanks for sharing. Helps inexperienced noob’s like…[Read more]

At this stage we will be keeping all three. Though that will be continually evaluated as time goes by. I do understand that ideally we would sell both, pay down PPOR as much as possible and then re-draw to re-purchase more IPs making the majority of interest deductible, however at this stage we are just going to rent both IP's out for 6 months or…[Read more]

Hi, we've considered it, though given both of the IP's should be pretty close to neautrally geared, why would we?

buymore wrote:
Hi there,sounds you know Liverpool quite well…I heard people say there are two parts of liverpool. should avoid speed st and near by. Northern liverpool is much betterarea. is this right? there are many units for sale on speed st. your thoughts?

Hi, I'm only a beginner in the property game but spent 5 years working in Liverpool…[Read more]

Hi, hijacking this thread slightly, but I purchased a PPOR in April 2009 for $308k, lived in it until January 2010 when I moved into my fiancee's PPOR which she purchased for $365 about 3 years ago. I am renting out my place now to mates whilst I'm renovating it. It's negative geared, and I may decide to sell it in the future to release funds for…[Read more]

Hi, I was also wondering if the buyer beware package will be available again soon?

thanks,
Nathan

hi guys thanks for your responses so far,
after reading about the 1st home owners grant it looks like we are only eligible for one, being we will be classed as DeFacto and all. If thats the case we may as well both apply for the loan, no matter which loan we go for?
What I was planning on doing is if we only applied for the $200k loan only I would…[Read more]